Housing costs in New Hope?
A typical home costs
$180,400, which is 46.6% less expensive than the national average of
$338,100 and 7.2% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in New Hope costs
$730 per month, which is 49.0% cheaper than the national average of
$1,430 and 26.0% cheaper than the state average of
$920.
Can I afford New Hope?
To live comfortably in New Hope, Kentucky, a minimum annual income of
$34,560 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about New Hope?
The cost of living in New Hope, KY is relatively low compared to other cities in the state. The median home cost is only $115,100, which is significantly lower than the national median of $228,000. In addition to being affordable, utilities are also relatively inexpensive. The average monthly cost for electricity and natural gas utilities combined tends to be around $131 per month which is well below the national average of $147. Property taxes also remain below the national averages, typically costing around 0.98% of one’s home value each year. All things considered, living in New Hope, KY does not require a significant financial commitment.